CIE.NEO vs. CMGG.TO
CIE.NEO (iShares International Fundamental Common Class) and CMGG.TO (CI Munro Global Growth Equity Fund) are both Global Equities funds. CIE.NEO is passively managed, while CMGG.TO is actively managed. Over the past 5 years, CIE.NEO returned 15.50%/yr vs 20.56%/yr for CMGG.TO. At a 0.30 correlation, their price movements are largely independent. CIE.NEO charges 0.73%/yr vs 0.90%/yr for CMGG.TO.
Performance
CIE.NEO vs. CMGG.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CIE.NEO achieves a 17.83% return, which is significantly lower than CMGG.TO's 21.24% return.
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
CMGG.TO
- 1D
- 0.12%
- 1M
- 10.96%
- YTD
- 21.24%
- 6M
- 21.36%
- 1Y
- 38.88%
- 3Y*
- 35.34%
- 5Y*
- 20.56%
- 10Y*
- —
CIE.NEO vs. CMGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 12.83% | 15.59% | -2.83% | 9.86% |
CMGG.TO CI Munro Global Growth Equity Fund | 21.24% | 21.00% | 52.95% | 24.21% | -21.16% | 11.08% |
Correlation
The correlation between CIE.NEO and CMGG.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.30 |
Over the past year, CIE.NEO and CMGG.TO have become more correlated (0.52) than their long-term average of 0.30, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CIE.NEO vs. CMGG.TO — Risk / Return Rank
CIE.NEO
CMGG.TO
CIE.NEO vs. CMGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and CI Munro Global Growth Equity Fund (CMGG.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CIE.NEO | CMGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.40 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.85 | -0.27 |
| Martin ratioReturn relative to average drawdown | 14.78 | 10.77 | +4.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CIE.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.36 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 1.14 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.98 | -0.54 |
Drawdowns
CIE.NEO vs. CMGG.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than CMGG.TO's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and CMGG.TO.
Loading charts...
Drawdown Indicators
| CIE.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -29.00% | -11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -10.15% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -22.85% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -29.00% | +8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -8.91% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 3.62% | -0.94% |
Volatility
CIE.NEO vs. CMGG.TO - Volatility Comparison
The current volatility for iShares International Fundamental Common Class (CIE.NEO) is 4.85%, while CI Munro Global Growth Equity Fund (CMGG.TO) has a volatility of 6.68%. This indicates that CIE.NEO experiences smaller price fluctuations and is considered to be less risky than CMGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CIE.NEO | CMGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 6.68% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 12.94% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 16.53% | -2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 18.22% | -4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 18.49% | -0.30% |
CIE.NEO vs. CMGG.TO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is lower than CMGG.TO's 0.90% expense ratio.
Dividends
CIE.NEO vs. CMGG.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.12%, while CMGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
CMGG.TO CI Munro Global Growth Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and CMGG.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIE.NEO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIE.NEO is cheaper with a 0.73% expense ratio, compared with 0.90% for CMGG.TO.
They also come from different issuers: iShares and CI Global Asset Management. Their fees differ too: 0.73% for CIE.NEO and 0.90% for CMGG.TO.
Find the right allocation for CIE.NEO and CMGG.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer